Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
Best & Less Group Holdings Ltd is an Australia-based apparel specialty retailer in Australia and New Zealand. The principal activities of the Company are retailing and importing of clothing, footwear and other soft goods. The Company operates a network of over 245 physical stores and an online platform across its two brands, such as Best&Less in Australia and Postie in New Zealand. Best&Less seeks to provide its target customers, 18 to 54 year-old women with children. Postie online business, targeting value-conscious families buying baby and kid’s apparel. Its product portfolio also includes women’s and men’s apparel, underwear, shoes, pajamas, lifestyle, thermals, and essentials, among others. Its subsidiaries include Best & Less Group Pty Ltd, B&L IP Pty Ltd, Best & Less Pty Ltd, and Postie Plus Group Ltd, among others.
BST - Best & Less Group Holdings Ltd
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